Following the news, shares of the company tanked 3.53 per cent to Rs 271.7 on the BSE during the day.
It later closed at Rs 275.15, down 2.31 per cent from its previous close.
At National Stock Exchange, the stock ended 2.7 per cent lower at Rs 274.05.
The scrip was the biggest loser on both Sensex and Nifty.
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